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European Report Shatters the Myth of the Olympics' Economic Benefits

While boosters predict that hosting the 2016 Olympics would bring Illinois $22.5 billion, a crucial report from the European Tour Operators Association came to the conclusion that "there appears to be little evidence of any benefit to tourism of hosting an Olympic Games, and considerable evidence of damage."

Chicago Reader, a pioneer of the weekly alternative press, is one of the largest and most successful AAN publications, recognized throughout the industry for both editorial excellence and advertising impact. It publishes an average of 100 pages per week in...

Ben Bernanke's Federal Reserve and Timothy Geithner's Treasury Department continue to sink billions of dollars into the black hole of Wall Street, but those billions have not prevented the US economy’s nosedive toward a crash and burn ending. And what is Bernanke's solution? More of the same.

Two major safety valves in the financial house of cards that is New England's largest landline telecommunications service provider blew last week, leaving FairPoint Communications in a position of significant weakness, even as the company admits that its financial picture will worsen in the short term.

Some of Kentucky's leading lawyers and legal experts predicted the massive state budget shortfall would force the struggling public defender's office to shut down by next month, likely bringing the criminal justice system to a screeching halt. That warning got the attention of lawmakers in Frankfort.

Especially now, when so many traditional jobs have been lost, "everybody wants to be Hollywood east," Cornell University professor Susan Christopherson says. It's "sexy meets desperation." More than 40 states are actively vying for movie production business, upping the ante on subsidies in what she calls a "race to the bottom."